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Labatt's was purchased in 1995 by the Belgian company Interbrew (now part of Brazilian-Belgian Anheuser-Busch In Bev, the world's largest brewing company) and Molson merged with US company Coors in 2005 to create Molson Coors, now the world's fifth largest brewing company.

With the purchase of Sleeman Breweries, the largest remaining Canadian brewer, in 2006 by the Japanese owned Sapporo Brewery, Canada’s beer production has been mainly under the control of foreign multinationals.

This is probably because of its appeal to a wider demographic than the traditional mass-market beers which primarily target young males.

The brewing had become extremely concentrated in Canada by the 1970s, being dominated by just three companies (Molson, Labatt, and Carling O'Keefe).In June 1982, the Horseshoe Bay Brewery in West Vancouver opened, creating one of Canada's first microbreweries.Canada's largest brewing companies were traditionally Labatt's and Molson.Many commercial brewers thrived until Prohibition in Canada.The provincial and federal governments' attempt to eliminate "intoxicating" beverages led to the closing of nearly three quarters of breweries between 18.

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